Day: July 26, 2023

The Agricultural and Fisheries Committee in Sana’a province, headed by governor Abdulbasit al-Hadi, discussed a mechanism for activating the associations’ activities at the isolation level.

The meeting reviewed the projects and administrative and technical work accomplished at the level of each of the sectoral associations according to the outputs of the previous meeting.

The meeting discussed the projects of the 1445 AH plan, and the procedures for establishing associations and activating their activities, in a way that contributes to the advancement of local development, especially in remote areas.

It stressed the importance of doubling efforts in promoting the work and outputs of the associations, in a way that contributes to reaching real partners to support the associations and market agricultural products.

It stressed the need to activate the role of the isolation cooperative societies, and to assign a public relations official for each association to promote its activities and open areas of cooperation with other parties, in addition to nominating accountants for the isolation societies that were selected within the models.

The meeting instructed the Offices of Planning and Development and Social Affairs and the sector associations to draw up a study for the establishment of development cooperative associations in the districts and sub-districts. The Agricultural Finance Unit in the province should fund the study and they obligated the officials of the sector associations to submit plans to establish associations in the districts and hand them over to the Office of Social Affairs within a week.

It touched on the procedures for enrolling students in the college of agriculture, and assigned the management of associations in the sectors to quickly raise those who wish to join the college from the rural districts, by two students and a third veterinarian from each district.

At the meeting, governor al-Hadi stressed the importance of concerted efforts to make the work of the associations a success, considering the new year a year for establishing the daily development work of the associations, and starting work according to the paths of construction and development to achieve a development renaissance in the various districts of the provinces.

Al-Hadi stressed the necessity of evaluating the work of associations, correcting mistakes, and addressing shortcomings and stumbling blocks, in order to reach performance indicators, enhance aspects of success, and disseminate them to everyone.

Source: Yemen News Agency

As part of enhancing bilateral relations with international counterparts, the Governor of the Saudi Central Bank (SAMA), Ayman Al-Sayari received today at SAMA’s headquarter in Riyadh the Chief Executive of Hong Kong Monetary Authority (HKMA), Eddie Yue, and his accompanying delegation.

The two sides discussed a number of initiatives to strengthen collaboration in several common areas, including financial infrastructure development, open market operations, monetary policy, and Fintech. Both parties shared their experiences in research, development and innovation, highlighting areas of development in supervisory technologies (Suptech), tokenization, and payment infrastructure.

To advance the agreed collaborative initiatives, a Memorandum of Understanding (MoU) was signed between the two authorities to facilitate the exchange of expertise and knowledge sharing in areas related to regulatory issues, laws and policies, and best practices in the field of financial innovation.

“Saudi Arabia’s financial sector is growing remarkably and attracting new local and international investors who could bring added value, particularly in the Fintech industry. This growth will contribute to the Kingdom’s journey to be situated as a global Fintech hub and support the diversification of the Saudi economy.” said Al-Sayari, Governor of SAMA.

Al-Sayari added “HKMA is an important partner for the Saudi Central Bank. Today’s MoU will support our relationship and contribute to the consolidation of efforts in developing Fintech industry.

The Chief Executive of the HKMA, Eddie Yue said, “There is huge potential for collaboration between the Kingdom of Saudi Arabia and Hong Kong in areas spanning across economy and trade, green development, finance, and particularly in financial technology. The MoU will further enhance mutual cooperation between SAMA and the HKMA through the exchange of information and expertise relating to regulatory issues, policies, laws and legislation, as well as the development of financial innovation. We look forward to working with SAMA to promote investment and financial market connectivity between the Middle East and Asia.”

Source: Saudi Press Agency